Pass the IIA CIA IIA-CIA-Part3-3P Questions and answers with CertsForce

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Viewing questions 131-140 out of questions
Questions # 131:

Which type of bond sells at a discount from face value, then increases in value annually until it reaches maturity and provides the owner with the total payoff?

Options:

A.

High-yield bonds.


B.

Commodity-backed bonds.


C.

Zero coupon bonds.


D.

Junk bonds.


Expert Solution
Questions # 132:

Which of the following statements is true regarding an organization's inventory valuation1?

Options:

A.

The valuation will be incorrect it the inventory includes goods m transit shipped free on board (FOB) destination to another organization


B.

The valuation will be correct if the inventory includes goods received on consignment from another organization


C.

The valuation will be incorrect it the inventory includes goods in transit shipped FOB shipping point from another organization


D.

The valuation will be correct it the inventory includes goods sent on consignment to another

organization


Expert Solution
Questions # 133:

The head of the research and development department at a manufacturing organization believes that his team lacks expertise in some areas, and he decides to hire more experienced researchers to assist in the development of a new product. Which of the following variances are likely to occur as the result of this decision?

1) Favorable labor efficiency variance.

2) Adverse labor rate variance.

3) Adverse labor efficiency variance.

4) Favorable labor rate variance.

Options:

A.

1 and 2.


B.

1 and 4.


C.

3 and 4.


D.

2 and 3.


Expert Solution
Questions # 134:

Which of the following methods is most closely associated to year over year trends?

Options:

A.

Horizontal analysis


B.

Vertical analysis


C.

Common-size analysis


D.

Ratio analysis


Expert Solution
Questions # 135:

A multinational organization has multiple divisions that sell their products internally to other divisions. When selling internally, which of the following transfer prices would lead to the best decisions for the organization?

Options:

A.

Full cost


B.

Full cost plus a markup.


C.

Market price of the product


D.

Variable cost plus a markup


Expert Solution
Questions # 136:

Organizations mat adopt just-in-time purchasing systems often experience which of the following?

Options:

A.

A slight increase in carrying costs.


B.

A greater need for inspection of goods as the goods arrive.


C.

A greater need for linkage with a vendor s computerized order entry system.


D.

An increase in the number of suitable suppliers


Expert Solution
Questions # 137:

According to MA guidance on IT. which of the following best describes a logical access control?

Options:

A.

Require complex passwords to be established and changed quarterly


B.

Require swipe cards to control entry into secure data centers


C.

Monitor access to the data center with closed circuit camera surveillance.


D.

Maintain current role definitions to ensure appropriate segregation of duties


Expert Solution
Questions # 138:

Which of the following situations best applies to an organization that uses a project rather man a process to accomplish its business activities?

Options:

A.

A clothing company designs makes and sells a new item.


B.

A commercial constructor company is hired to build a warehouse.


C.

A city department sets up a new firefighter training program.


D.

A manufacturing organization acquires component parts from a contracted vendor


Expert Solution
Questions # 139:

With regard to disaster recovery planning, which of the following would most likely involve stakeholders from several departments?

Options:

A.

Determining the frequency with which backups will be performed.


B.

Prioritizing the order in which business systems would be restored.


C.

Assigning who in the IT department would be involved in the recovery procedures.


D.

Assessing the resources needed to meet the data recovery objectives


Expert Solution
Questions # 140:

Which of the following is an example of a phishing attack?

Options:

A.

An employee receives an email that appears to be from the organization's bank, though it is not. The employee replies to the email and sends the requested confidential information.


B.

An organization's website has been hacked. The hacker added political content that is not consistent with the organization's views.


C.

An organization's systems have been compromised by malicious software. The software locks the organization's operating system until d ransom is paid.


D.

An organization's communication systems have been intercepted. A communication session is controlled by an unauthorized third party.


Expert Solution
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